Jan 21 2014 @ 17:08
USD/JPY stays very close to the 200 day moving average and a pivot point quite important, which could influence the trend of this pair for today’s session. This pair is currently near the 104.35 level, a high level considering that the USD/JPY formed a fractal near that level. Any breakout at that level could lead […]
Jan 20 2014 @ 15:16
JPY Pairs Pullbacks Trading Signals (January 20 – February 3, 2014) Instrument: USDJPY Order: Sell Entry date: January 20, 2014 Entry price: 104.199 Stop loss: 105.210 Take profit: 102.210 Instrument: AUDJPY Order: Sell Entry date: January 20, 2014 Entry price: 91.719 Stop loss: 92.736 Take profit: 89.736 Instrument: CADJPY Order: Sell Entry date: January 20, […]
Jan 20 2014 @ 00:07
This week, the USD/CHF should be able to trade above the market level at 0.9100. The ultimate target for this week is the resistance level at 0.9200. EUR/USD: This market has been bearish and it would continue to be so this week. We are watching the support lines at 1.3500 and 1.3450, which are the […]
Jan 18 2014 @ 21:21
AUD/USD has found strong support at current levels, so it is very likely that this pair perform movements this week. The aussie is forming a bearish pattern above support at the level of 0.8765, a very strong level, as this pair has tried to consolidate below that level, so this pair has not been able […]
Jan 17 2014 @ 03:17
For a few weeks, the EURJPY has been experiencing limited bullish energy. Since the overall bias is bearish, it looks sensible to seek ways to go short when the price rallies, at least, to make allowances for the huge upswings and downswings in the price, as it occasionally happens. The price has been moving sideways […]
Jan 14 2014 @ 23:41
The EUR/USD found strong resistance above the 200 day moving average and is very likely to continue falling. This pair has found resistance at the point of control near the 1.3665 level. Now, the EUR/USD is forming a higher low pattern below the 200 day moving average near the level of 1.3665. If the pair […]
Jan 14 2014 @ 00:56
Although a bearish signal has been in place on the EUR/JPY since last week, it was not until this week that the signal became really significant. Any rally in the market is a good opportunity to sell short. EUR/USD: Gradually the bulls’ determination on this pair has resulted in a Bullish Confirmation Pattern. Eventually the […]
Jan 12 2014 @ 17:26
The EUR/JPY has shown its inability to trade higher than the supply zone at 143.00, in spite of testing it several times last week. Should the price then fall below the demand zone at 142.00, it could mean the beginning of a new bearish trend. EUR/USD: After moving sideways for most of last week, this […]
Jan 12 2014 @ 16:24
Selling the Rallies and Buying the Dips in Direction of Dominant Biases “All you can do in the end is do your best, and keep building up your trading skills. If you keep trying to excel, but stay realistic, you’ll eventually achieve lasting success.” – Joe Ross In a recent article titled ‘An Introduction to […]
Jan 10 2014 @ 16:48
Next week, the markets are expected to keep on going contrary to the dominant biases. As expected, there have already been breakouts from the current equilibrium phases that are seen in some cases. As the breakouts are being expected, it would also be helpful to watch what volume is doing. Experienced traders know that volume […]